Cato earnings climb; same-store sales flat

NEW YORK (MarketWatch) -- The Cato Corp.
CTR, -0.08%
said it earned $5.9 million, or 18 cents a share, in the third quarter, compared with $4.1 million, or 13 cents a share, in the same period a year ago. The Charlotte, N.C.-based retailer said sales rose 6% to $187.7 million. Same-store sales were flat in the quarter. Cato said it now expects fourth-quarter earnings of 40 to 43 cents a share and same-store sales of down 2% to up 2%. For 2006, the company is expecting earnings of $1.62 to $1.65, up 15% to 17% from a year ago. Shares closed Monday unchanged at $23.61.

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